OACN Saves $24 Million Through MSSP
The Ochsner Accountable Care Network, LLC (OACN) achieved its sixth consecutive year of top-ranking results in both clinical performance and healthcare savings for Louisiana's and Mississippi's Medicare population. Its network of physicians and providers who support the Medicare Shared Savings Program (MSSP) lowered expected cost of care by nearly $24 million for more than 40,000 Medicare beneficiaries in 2021. Over the last six years, OACN has improved the health outcomes for our beneficiaries and reduced healthcare spending by more than $100 million.
Why are these results significant?
In 2020, the Center for Disease Control (CDC) estimated 41% of U.S. adults delayed or avoided medical care during the pandemic because of concerns about COVID-19, including 12% who reported having avoided urgent or emergency care.
Despite making up for care delays that accumulated during 2020's COVID-19 public health emergency and a 33% growth in OACN's beneficiary population, our clinicians lowered expected care costs in 2021 by $24 million, which places OACN in the nation's top 5% of Medicare Shared Savings ACOs.
Congratulations to our OACN clinical teams and support staff for another year of success! We look forward to sharing the savings through distribution checks, expected to release later this Fall. For more on the 2021 MSSP results, click here.
